Economic Policy

Exploration of the intersection of policy and economic trends, public finance, and economic development

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IGPA Experts use cutting edge social science research methods to analyze public policy. Our independent evidence and analysis is non-partisan, data-driven, and based in the best academic scholarship available.

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And miles to go before it's balanced

Authors

Nancy Hudspeth

Andrew Crosby

Chapter 2 of The Illinois Report 2013

This report discusses decisions that must be made now to set the state budget on a path toward balance. The authors observe that although progress has been made toward sustainability through policies implementing cost reductions (especially in health care) and increased revenue (through income and cigarette taxes), the state will need to focus on a longer-term strategy going forward.

After the Great Recession, where is the Great Recovery?

Authors

Chapter 1 of The Illinois Report 2013

This report provides a broad overview of trends in economic growth that demonstrate a slow but steady recovery from the Great Recession. The state still faces a precarious situation with stagnant job growth. Economic development, and especially job growth, will continue to be a focus for the recovery in 2013.

Through a dark glass

Authors

Nancy Hudspeth

Chapter 4 of The Illinois Report 2012

This report examines the fiscal conditions in Illinois heading into 2012, considering a temporary increase in the state income tax, a long-term budget projections, budget transparency and policy options that could make state financial reports more transparent.